The Securities and Exchange Commission is looking into ExxonMobil, ConocoPhillips and Occidental Petroleum Corp. over their connections to Libya. The disclosure follows the SEC's investigation into whether Goldman Sachs and other financial firms possibly violated bribery laws in dealings with the Libyan Investment Authority (LIA), which is reportedly controlled by Moammar Gadhafi.
Responsible investors may not be able to identify such issues before they are evident to the public, but scrutiny of corporate governance policies and historic problems can identify patterns of higher risk behavior... Read more.
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